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Consolidated GDP of the 19 eurozone countries in the third quarter showed minimal growth rates since the second quarter of 2014. According to Eurostat, its growth was 0.2% compared with a 0.4% rise in the previous quarter. According to experts, an increase of 0.4% was expected. Regarding the third quarter of last year, the eurozone economy increased by 1.7%, while economists had predicted a rise of 1.8%. The EU economy grew by 0.3% in the third quarter, slowing growth after rising 0.5% in the second quarter. Its growth in annual terms was 1.9%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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